Sky Road Adds Markit CDS Pricing And RED to Hedge Fund Solution

Hosted hedge fund solution provider Sky Road has partnered with Markit Group to integrate its data feed, enabling portfolio and risk managers of credit-based strategies to trade, model and perform scenario based risk analysis for credit derivatives. The Sky Road platform, based on the Calypso system, will incorporate Markit’s CDS, iTraxx and Dow Jones CDX index pricing, together with Markit Reference Entity Database (RED). Leveraging the built-in Markit data feed, the Sky Road Platform will be pre-configured with credit derivatives market data required for utlising capital structure arbitrage, fundamental and other credit based trading strategies, the partners say.